The beauty of compound interest is that it continues to behave fractally with each piece of interest eventually earning its own interest.
Convincing yourself that you’re right when you know you’re wrong is a time-honored tradition in the markets
Your true worth is determined by how much more you give in value than you take in payment
You are kidding yourself if you think being greedy when others are fearful is as easy as saying it during a bull market.
Economics should be used for diagnostic purposes, not predictive ones.
Even with the hardship of recent years, active funds still managed to rake in around $600 billion in assets over the decade ended May 31, 2017.
There were no index funds during the Roaring 20s that led to the Great Depression nor in the go-go years in the 1960s that led to the Nifty Fifty blow-up.
From 2013 through 2016, the S&P 500 Index provided a 14.3% annualized return, well above its historical return since 1926 of 10%.
Most of these ideas that continue to work are open secrets.
The 50 biggest stocks going into the 1950s were the 50 biggest stocks coming out of the 1950s.
There are gospels, books, tomes, written about behavioral finance and how the awareness should shape better conduct. I don’t think it’s worked for me so far.
Chance can be thought of as the cards you’re dealt in life, choice is how you play them.
You can’t separate the merit of a song from the time you originally experienced it.
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